Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Saturday, May 12, 2012
Orlando-Area Pair Feel Pinch On Burglary, Larceny, Fraud Charges For Allegedly Hijacking Possession Of Vacant F'closed Homes, Falsely Renting Them Out
In Winter Park, Florida, the Winter Park/Maitland Observer reports:
It was too easy, Randy Lutz said of his family’s cross-county move from Providence, R.I., to the Winter Park area. After a 1,200-mile drive, and a brief stay with his brother in Sanford, Lutz, his girlfriend, Contance Young, and their 6-year-old son, J.J., had found the perfect house near Winter Park listed for rent on Craigslist.org in mid-February.
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Less than two weeks after they had moved in, Young said, [...] they found out it all was too good to be true. The house had been foreclosed on and was owned by Bank of America.
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Seminole County Sheriff’s Office deputies arrested Natasha Ortiz, 28, of Winter Park, and David Rivas, 27, of Orlando, on May 3 on charges of burglary, larceny and fraud, according to arrest reports, for allegedly breaking into and falsely renting two homes near Winter Park, including the one in which Young and Lutz were living.
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Until this incident, the Seminole County Sheriff’s Office said it hadn’t had any reported cases like this in recent history. [...] The Orange County Sheriff’s office couldn’t quantify how often these crimes are reported to them, but a public information officer said the department has seen an uptick in rental fraud crimes in the last six to eight months.
Representatives from the Winter Park and Oviedo police departments say neither city has a documented record of these crimes, but that it doesn’t mean it’s not happening.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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